Rajan Shahi, an Indian television producer and the founder of a production house, is well-known for long-running serials such as Anupamaa and Yeh Rishta Kya Kehlata Hai. As per the property registration documents, the television producer purchased a 5BHK penthouse for ₹13.71 crore in Madh Island, Mumbai.

• The 5BHK penthouse is located in Madh Island, in Raheja Exotica Cyprus on the 35th floor.
• The property was sold at a price rate of more than ₹37,000 per sq ft, according to the documents.
• The apartment's RERA carpet area is 3,248 sq ft, while the deck area is more than 400 sq ft.
• The transaction also includes four parking spaces.
• The documents further showed that for the transaction registered on December 26, 2025, a stamp duty of ₹82 lakh and a registration fee of ₹30,000 were paid.

Madh Island, a locality in Malad and is connected to Versova, is one of the significant residential hotspots for several celebrities and housing Bollywood actors including Sanjay Mishra, Jubin Nautiyal, Ronit Roy, Archana Puran Singh, Parmeet Sethi, Ayushmann Khurrana, Kartik Aryan and Vivek Agnihotri.

Since a few years, the property prices per sq ft have gone up in Madh Island. As per the local brokers, it is approximately ₹37,000 per sq ft, which is almost the double of previous years.

Madh Island has excellent connectivity to Andheri's Versova and the upcoming Bandra-Versova Sea Link, making it one of the attractive residential areas for the homebuyers who prefer a peaceful atmosphere.

1. Jubin Nautiyal

In 2025, Jubin Nautiyal had bought a 4BHK apartment, including three car parking spaces, in Madh Island, Mumbai. Located in Raheja Exotica on the 34th floor, he purchased the apartment for ₹4.94 crore. The apartment spans across 1,933 sq ft with a deck area of more than 200 sq ft. The transaction was registered on December 27, 2024, with a stamp duty of ₹29 lakh and a registration fee of ₹30,000 paid by the playback singer.

2. Sanjay Mishra

Sanjay Mishra had purchased a sea-view apartment for ₹4.75 crore in Mumbai's Madh Island area. Located in Raheja Exotica Cyprus on the 15th floor, the RERA carpet of the apartment is 1,701 sq ft and the deck area of 201 sq ft, making the combined RERA carpet area of more than 1,900 sq ft. The transaction which was registered on July 11, 2025, a stamp duty of ₹28.50 lakh and registration fees of ₹30,000 were paid by the actor.

Madh Island offers a balanced lifestyle of luxury and peaceful environment, attracting a crowd of high-net-worth individuals, Bollywood celebrities, individuals seeking a peaceful environment, and investors.

Rajan Shahi's purchase of 5BHK of penthouse for ₹13.71 crore highlights Madh Island's luxury high-rise residences in Mumbai. Along with this luxury purchase and increasing property prices to align with the growing demand among homebuyers and investors alike, Madh Island continues to be a prominent area in Mumbai.